Replies to post #58319 on FuelCell Energy Inc (FCEL)

[garyhalvo]

Because nothing is going to truly happen until 2026 and they sold for a loss to hopefully invest in something to recoup their losses and possibly buy back in 2026.

[hopester]

I see that now. What I saw posted was probably a filing for one sale which I picked up on another site.
I think FCEL contributed to the drop from the $1.80 high down to $1.22 when they themselves began to sell their 500,000,000 sh addition into the rise . They need the cash for their plant building plans and what better opportunity to raise it then on a bounce.
Blackrock, being flush with losses already took the opportunity as well to lighten up.
With all the Hoopla about institutional interest being the metric to count on, what would these HOGWASH followers have to say when they see BLACKROCK peeling off their holdings in it. Notice deafening silence from Hogwash.

https://investorplace.com/2024/01/blackrock-cut-its-stake-in-fuelcell-energy-fcel-stock/#:~:text=BlackRock%20(NYSE%3ABLK)%20has,stake%20is%20just%20under%208%25.

[fsulevine]

Maybe, since FCEL was down, the selling was for tax purposes to offset gains in other holdings they cashed in on. Maybe their hope is it will stay down for a couple months and then they can buy them all back at or near where they sold them for, thus saving a lot of money in capital gains taxes on the investments they sold for a profit?